Tex. Est. Code Section 1352.106
Use of Proceeds

Proceeds of a home equity loan that is the subject of an application under Section 1352.102 (Authority to Mortgage Minor Ward’s Interest Without Guardianship of the Estate) that are attributable to the minor ward’s interest may be spent only to:

(1)

make improvements to the homestead;

(2)

pay for the ward’s education or maintenance expenses; or

(3)

pay the loan’s outstanding balance.
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.

Source: Section 1352.106 — Use of Proceeds, https://statutes.­capitol.­texas.­gov/Docs/ES/htm/ES.­1352.­htm#1352.­106 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 1352.106’s source at texas​.gov